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TAX LAW NEWS - TAX LITIGATION
From the category archives:
A push for new taxes on soda, beer and wine to help pay for Americans’ health care is stirring up more than just the beverage industry.
Advertisers, corn refiners — even addiction treatment centers — have mobilized their lobbyists, reflecting how a tax increase for a handful of popular products can reverberate broadly across Washington’s interest [...]
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The IRS has filed a $819,848 tax lien against Sen. John Kerry’s 2004 presidential campaign for failure to file payroll tax forms, but Kerry on Wednesday blamed an IRS clerical error. Tax Analysts reports that Sen. Kerry released documentation from the Paychex payroll service claiming that the tax forms were properly filed in January 2005 and then [...]
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An investigation by The Daily Telegraph has discovered nine cabinet ministers and more than 30 junior ministers have claimed back the cost of personal tax advice on their expenses, whereas millions of voters forced to complete self-assessment forms are prevented from writing off the cost of employing an accountant.
Ministers have said their expenses claims for [...]
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Struggling to find ways to pay for the president’s signature health care overhaul, the administration on Monday proposed to raise nearly $60 billion more over 10 years mostly from tightening rules for inheritance taxes affecting the wealthiest estates.
The Treasury Department’s proposals, and several others affecting taxation of life insurance and some other financial products, are [...]
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It just got a little easier for taxpayers to plan around two thorny bits of the Internal Revenue Code: the estate tax and the alternative minimum tax.
The Obama administration budget resolution Congress approved on Wednesday for fiscal 2010 outlines changes for these controversial levies.
It extends the estate-tax top rate of 45% on estates over $3.5 [...]
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Helio Castroneves, the two-time Indianapolis 500 winner and Dancing With the Stars champ, will be back on the race track this weekend. A Miami federal jury acquitted him of six tax evasion charges this afternoon.
Castroneves’ sister, Katiucia, was cleared of the same charges. The siblings’ lawyer, Alan Miller, also left the courthouse a free man.
Jurors [...]
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To protest the allegedly high level of taxation in the United States, various right-wing groups are organizing tea parties around the country [for April 15] in the spirit of the Boston Tea Party of 1773.
The irony of these protests is that federal revenues as a share of the gross domestic product will be lower this [...]
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Thousands of people across the U.S. are entitled to a piece of about $1.3 billion in tax refunds from 2005, but since those taxpayers have yet to file their taxes from that year, the windfalls remain uncollected, the Internal Revenue Service (IRS) announced this week. And anyone entitled to a refund had better act fast, [...]
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With irate property owners clamoring for relief, Illinois lawmakers passed a law in 1991 to cap skyrocketing real estate tax bills.
At the time, no one anticipated that more than 17 years later, the rate of inflation—the key measure used in the legislation to limit tax increases—would be less than 1 percent.
In 2008, the annual bump [...]
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President Obama’s plan to expand health care coverage by raising taxes on the wealthy is drawing accusations that he wants to do it at the expense of charitable giving.
“I don’t understand why the administration would try to create any disincentive that reduced any donations to charity,” Sen. Pat Roberts, R-Kan., said.
Yet critics say that is [...]
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